Bank of Canada increases overnight rate target to 1 ¾ per cent FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario October 24, 2018 Available as: PDF The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is […]

Homeowners worried about paying down debt as interest rates go up Facebook LinkedIn Email Reddit Younger homeowners have never experienced a significant rise in interest rates Sophia Harris · CBC News · Posted: Oct 22, 2018 4:00 AM ET | Last Updated: 4 hours ago Concerned about how rising interest rates will affect your monthly budget? A new CBC […]

Ryan Flanagan, Web Journalist, CTVNews.ca @flanaganryan Published Tuesday, October 16, 2018 11:42AM EDT  Last Updated Tuesday, October 16, 2018 3:29PM EDT A recently toughened stress test is making it more difficult for young people and newcomers to the country to buy homes, Canadian mortgage industry leaders say. The stress test requirement came into effect in January. […]

FOUR-MONTH HOME SALES GAIN ENDS IN SEPTEMBER Canadian home sales declined for the first time in five months led downward by weakening activity in Vancouver and Toronto. Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell by 0.4% from August to September. While housing activity has picked up since […]

Four-Month Home Sales Gain Ends in September Canadian home sales declined for the first time in five months led downward by weakening activity in Vancouver and Toronto. Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell by 0.4% from August to September. While housing activity has picked up since […]

Are fears about Canada’s level of debt overblown? by CMP 25 Sep 2018 SHARE Robert McLister “Stat after stat confirms Canada’s debt risk. Surging home prices are the number-one issue – the average Toronto home costs nearly 10 times Toronto’s median household income – but there’s also a growing proclivity to spend. Take car loans, for […]

B channel solutions requiring long terms by Neil Sharma24 Sep 2018 As business in the B channel has soared this year, exit strategies for clients need recalibrating. “Now that the dust has settled on the new rules, strategy and structure are more important than ever with mortgage brokering and lending. It’s about structure and strategy, and […]

Four-Month Home Sales Gain Despite Weak B.C. Markets The Canadian housing market showed continued signs of stabilizing last month with sales edging upward and prices easing a bit. National home sales increased 0.9% in August, the fourth consecutive monthly gain. Sales in Toronto advanced 2.2% while they rose 2.9% in Vancouver. Nevertheless, the pace of […]

This announcement available in Autopilot as “SC 20180907 Canadian Jobs Plunge in August As Unemployment Rises” French translation of this email will be available by 5pm ET Monday Sept. 10. La traduction en français de cet e-mail sera disponible avant 17 h HE septembre 10. Canadian Jobs Plunge in August As Unemployment Rises In a […]

Poloz Holds The Line On Rates As expected, the Bank of Canada held its key overnight rate this morning at 1.5%, asserting that July’s surprising spike in CPI inflation to 3% was in large part because of a jump in airfares. The Bank expects inflation to move back towards 2% in early 2019, as the […]